Original article
Oleg V. Zhukov1, Aleksey E. Cherepovitsyn2
1Luzin Institute for Economic Studies of the Kola Science Centre of the Russian Academy of Sciences, Apatity, Russia, ORCID 0000-0002-8012-9781
2Saint Petersburg Mining University, Saint Petersburg, Russia, Cherepovitsyn_AE@pers.spmi.ru,
ORCID 0000-0003-0472-026X
Abstract. The current stage of development of the world energy sector is characterized by high turbulence and dynamism of changes. The volatility of demand and prices for energy resources, increased competition in the global market, the evolution of the energy balance, the decrease in the role of traditional hydrocarbons and the progressive development of technological innovations significantly affect the efficiency of the implementation of the Russian gas complex in the Arctic. However, in addition to economic benefits, large-scale production of natural gas in the Arctic encompasses a wide range of issues: ensuring domestic needs for hydrocarbons and stable exports, minimizing environmental damage, organizing complex science-intensive industries and loading industrial capacities, developing transport and social infrastructure, creating new high-tech work places. In these conditions, long-term prospects and assessment of the development efficiency of complex industrial gas production complexes are determined taking into account environmental, economic, technological and social aspects. The analysis of the factors of instability of the world energy system and their influence on the efficiency of the development of gas fields in the Arctic zone was carried out. Target guidelines for the development of the Russian gas industry have been formulated in the context of national interests and priorities of socio-economic development and environmental safety. Indicators of economic development of industrial gas production complexes are proposed, taking into account trends in the global energy market and the specifics of field development in the Arctic.
Keywords: oil and gas companies, natural gas production, Arctic, energy sector, instability, turbulence, indicators
Acknowledgments: the research was carried out with the financial support of the grant by the President of the Russian Federation for the state support of leading scientific schools of the Russian Federation, the number of the project NSh-2692.2020.5 “Modelling of ecological-balanced and economically sustainable development of hydrocarbon resources of the Arctic”.
For citation: Zhukov O. V., Cherepovitsyn A. E. Global trends and target indicators of economic development of industrial gas production complexes in the Arctic. Sever i rynok: formirovanie ekonomicheskogo poryadka [The North and the Market: Forming the Economic Order], 2021, no. 4, pp. 128-139, doi:10.37614/2220-802X.4.2021.74.010